24741 Washington AveMurrieta, CA 92562

Property Details for 24741 Washington Ave

Year built

1927

Construction

TILT-UP CONCRETE

Lot size

0.21 AC

Property size (Sq ft)

4,680 SF

Zone code

C1CP

Property type

Retail space

APN

906-152-004

APU

906152004

Description

This exceptional 24741 Washington Avenue property in Murrieta, CA (92562) presents a compelling investment opportunity. Currently occupied by Murrieta County Market under a lease extending until April 9, 2025, this well-maintained building offers a stable income stream. Classified as Special Purpose, Industrial, and Land, the property boasts a prime location in the heart of Downtown Murrieta. The building itself is in excellent condition, reflecting consistent upkeep. With a total asking price of $2,100,000, this property is ideal for investors seeking a strong return on investment in a thriving California market. The property is zoned for both manufacturing and commercial uses, offering flexibility for future development or continued lease operation. The property's address is 24741 Washington Avenue, situated in Riverside County, California. Detailed financial information and lease specifics are available upon request. This is a rare opportunity to acquire a well-located, income-producing property with significant potential. The property's coordinates are 33.5544574 latitude and -117.215371 longitude. Serious inquiries only.

• CAP approach

  CAP return

  Valuation

  6%

  $1,890,792

  6.5%

  $1,745,347

  7%

  $1,620,679

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,068,863

  Geo Method

  $4,150,994

• Alternative Use

  Use

  Valuation

  Residential

  $1,472,265

  Hospitality

  $1,348,587

  Educational

  $1,122,009

  Medical

  $1,160,596

  Retail

  $1,745,347

Location Insight

City

Murrieta

County

Riverside

State

California

Latitude

33.5545

Longitude

-117.215

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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